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TeachMeFinance.com - explain consideration consideration -- an element that is required in all valid contracts. A consideration is anything of value. All parties to the contract must exchange something of value. historic definition... Consideration -- Money, property or services given by one party to a contract in return for the promise of some specific future performance or fulfilment by the other party. It is a common habit to designate the money paid for a thing as the consideration for it. Consideration is a legal term used in England to designate the sum mentioned in a transfer deed as paid for the stock or shares transferred. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.